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Oil company
Integral part of resource assessment Basis for investment decision
Methodology
Volumetric Evaluation
Seismic Interpretation Mapping Gross rock volume determination Volume of liquid/gas at surface
Economic Evaluation
Discounted cash flow analysis
Recoverable oil= STOIIP * Recovery Factor for oil Recoverable gas= GIIP * Recovery Factor for gas
From GeoKnowledge
HCPV
Hydrocarbon Pore Volume
HCPV = GRV * Net/Gross Ratio * Porosity * HC saturation
Geometric description
Vertical closure Spillpoint realtions Trap fill Uncertainties
6
The Trap
The trap
Rock Volume
The maps
A bottom surface map is not required, when: - the reservoir thickness > vertical closure - the reservoir thickness is constant
Volume
10
Area/depth graph
-1900 -2200
Culmination
Spill Point
10 25 50
200
Structural contours
11
a
Reservoir thickness (a,b,c)
b c
OWC/GWC Spill point closure
PhilPRA/Akj 12
Geometry multiplier
13
Reservoir Parameters 1
Gross thickness (from mapping) Net pay Porosity Permeability HC satuartion
14
Reservoir Parametrs 2
Formation volume factor oil (Bo) Formation volume factor gas (Bg) Gas deviation factor (Z)
15
Recovery Factor
Oil
Dependant on depletion mechanism
Natural depletion
5-15%
Gas
Up to 80-85%
16
Porosity So
N/G
20% 70%
50%
RF
30%
Bo
2km
1.3
10km
17
Length With Hight Geometric Factor GRV N/G NRV Porosity So HCPV Bo STOIIP RF
5661 MMbbl
100m
2831 MMbbl
396.3 MMbbl
2km
Recoverable resources
m3 - MMbbl
6.29/1000000
18